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20121231
20121231
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English 37
Search Results 0 to 36 of about 37 (some duplicates have been removed)
MSNBC
Dec 31, 2012 7:00am PST
is it going to take to get congress to compromise and get a deal done on the fiscal cliff? from washington to all around the country americans are fed up. >> this whole thing is a national embarrassment, an embarrassment to the president, an embarrassment to both sides of the aisle and both the house and the senate. >> the election is over. you got your seats. you're re-elected. congratulations. you have a job. now work and do it. >> fiscally irresponsible decision trying to please everyone and you please no one at all. >> they've got to work together. >> they appear to be very self-centered. >> joining me now retired admiral and former democratic congressman joe sestak of pennsylvania and msnbc contributor and former bush/cheney senior adviser robert trainum. kelly o'donnell has just reported some of the latest information. we heard there was progress overnight and we understand vice president biden and republican leader mitch mcconnell exchanged phone calls until about midnight and their aides then continued to work and we've been reporting the various areas of progress including the fac
ABC
Dec 31, 2012 4:30am PST
the fiscal cliff could be hours away. the countdown to the new year could bring economic gloom if congress doesn't get a compromised bill to the president before midnight toe without a deal tanks are set to go up for -- midnight tonight. without a deal taxes are set to go up for everybody. >> reporter: they will meet again i the tension is growing here in washington after the weekend talks failed to lead to a deal, if there is no breakthrough today, the country will go over the cliff. talks continue, this morning still no deal. >> further announcements perhaps at 11:00 in the morning, i hope so. >> reporter: republicans and democrats negotiated all weekend with the hope of passing legislation that would protect most from a massive tax hike set to kick in tonight midnight. >> the president: our top priority has to be to make sure that taxes on middle class families do not go up. >> reporter: there was optimism about a deal over the weekend when the republican leader in the senate, mcconnell made offer that ended when majority leader harry reid said he could not present a counter proposal. m
CBS
Dec 31, 2012 4:30am EST
some sort of compromise before massive spending cuts and tax increases kick in. randall pinkston has more from capitol hill. >> reporter: members of congress left meetings on capitol hill sunday without a deal. hours before the nation is set to fall off the so-called fiscal cliff. >> there is still significant distance between the two sides, but negotiations continue. >> reporter: if republicans and democrats can't strike a deal before midnight monday, taxes will go up for most every american. automatic spending cuts will kick in. millions will lose unemployment benefits. >> i'm willing to get this done but i need a dance partner. >> reporter: republicans introduced but quickly withdrew a proposal to cut the deficit by slowing social security. >> there is a lot of give and take going on right now but republicans don't want to see tax increases used for new spending. >> reporter: vice president joe biden was called on to help with the negotiations, this as the white house places a lot of the blame for the impasse on the gop. >> they say their biggest prior is making sure we deal with
NBC
Dec 31, 2012 6:00am EST
. it is not looking good at this point. today is a rare new year's eve session of congress following a weekend where they again tried to reach a deal and still no compromise. the u.s. is just hours away from going over that fiscal cliff. without a deal before midnight, americans will be bringing in this new year with sweeping tax hikes and swing -- a tactic -- and cuts. >> >> t . >> i hope that they can work together and realize that this is affecting everyone. >> both chambers will reconvene this morning at whichthat they k together and realize that this is affecting everyone. >> both chambers will reconvene this morning at which point, there are just 12 hours left until this deadline. >> whatboth chambers will recone this morning at which point, there are just 12 hours left until this deadline. >> what are lawmakers working on today? >> we understand that senator harry reid, the majority leader, will what are lawmakers workingn today? >> we understand that senator harry reid, the majority leader, will reintroduce the pre fiscal cliff, maryland would be hit hard with hundreds of millions of dollars
LINKTV
Dec 30, 2012 4:00pm PST
>> barack obama calls for compromise as the u.s. approaches the brink of another economic crisis. in a rare appearance on a u.s. talk show he appealed to congress to make a deal to avoid tipping the country into recession. you're watching al-jazeera live from london. also coming up, 21 policemen are buried in pakistan after being kidnap and shot by the taliban. anger and grief in india. candlelit vigils continue as the 22-year-old gang rape victim is cremated. plus moments of impact -- amateur video captures a russian plane after it overshoots a runway and crashes into a motorway. hello, president obama has made another appeal to the u.s. congress to reach an agreement in the next 48 hours to avoid the so-called fiscal cliff. it's a term used to describe the expiry of tax cuts dating back to 2001. if there is no deal, 88% of americans will end up paying $400 billion more in 2014. that will be coupled with more than a trillion dollars in automatic government spending cuts. according to the congressional budget office it will start with $200 billion in military and social welfare c
MSNBC
Dec 31, 2012 8:00am PST
congress, if you don't compromise, the american people are hurt and the country is hurt and the economy is hurt. >> that's what americans want to hear. that compromise is reached there. congressman steny hoyer of maryland thank you so much for your time. senator harkin on the floor speaking, not also agreeing with the terms of the deal. appreciate your time. >> you bet. thank you. >>> we have many more voices weighing in. republican congressman tom cole of oklahoma joins us live in a few moments and later this hour we'll hear from congressman steve israel, democrat from new york. stick around for that. >>> the other big developing story we're following, secretary of state hillary clinton in a new york city hospital this morning being treated for a blood clot. her spokesperson says the clot was discovered during a routine followup exam yesterday in the wake of the concussion she suffered several weeks ago following a fall. now, nbc news chief science and health correspondent robert bazell is live from new york there in front of the presbyterian hospital. bob, what do we know about secret
CBS
Dec 31, 2012 6:00am EST
think congress can pull off some sort of a compromise, one thing you need to be prepared for. for many of you, your paycheck will go down in the new year and here's why. the payroll tax was cut by 2 percentage points over the last two years. experts are saying that tax holiday is coming to an end. the center on policy and budget priorities says it is about $100 billion. goldman sachs says ending the tax holiday would shave percentage points off economic growth next year, not predicted that strong anyway. let's say you make $50,000 a year. that works out to be $20 a week. if you add it up, it comes out to be a thousand dollars less that you are taking home in 2013. >> and that is just the beginning. >> that is not even the tax increases we are looking at. this is just what is taken out of your paycheck. >> we are going to keep looking for it and have the answers for you, coming up >>> rg iii and the redskins are nfc east champs, heading to the playoffs. >> that's right. coming up dave owens is one-on-one with the rookie quarterback after the big win last night. stay with us. on >>> we a
MSNBC
Dec 31, 2012 11:00am PST
to you, t.j. the president using the bully pulpit. this is a part of the pressure on congress but also democrats who might be skeptical of this compromise that is coming to fruition so he came out today with middle class americans standing behind him and made the argument if we do, in fact, go over the cliff, if the steep tax hikes and spending cuts kick in to effect tomorrow, that the average american would see their taxes increase by about $2,000. this is an argument that he has been making for quite sometime now and appeared on "meet the press" this week with a similar argument and the event a part of that larger message and the president started to map out the contours of the deal coming together and i can tell you that this is what we can report, t.j. they have worked out the tax issues. so at this point in time, taxes will raise on folks making $400,000, individuals making $400,000 or more. couples making $450,000. the estate tax will go from 35% to 40% and unemployment insurance benefits extended. those are some of the issues hammered out over several days. however, the big stic
FOX Business
Dec 31, 2012 11:00am EST
, but there are no official development in the push for new tax legislation. there will be no fiscal clifford bury. congress does have a compromise on the farm bill. without it it was worried that no prices to jump as high as $8 per gallon. secretary of state hillary clinton remaining in new york presbyterian hospital. being treated for a blood clot. she expects to stay at the hospital another two days to be treated with blood thinner. companies officially leaving bankruptcy, a new board will be named as the company in its 4-year journey from chapter 11. that's the latest from the fox business network, giving you the power prosper. cheryl: we are getting some crucial breaking news on the fiscal cliff discussion. this learning from the white house the president is going to address the country. 130 eastern time. that is about 45 minutes from now. obviously the president is calling to make some type of statement. it is going to be about the fiscal cliff, and he will be surrounded with middle-class americans. we are also getting reports right now, there are some details that are emerging about what a deal could
CNN
Dec 31, 2012 2:00am PST
a compromise. >> pressure on congress to produce if they don't, what i've said is that in the senate we should go ahead and swrus legislation that makes sure middle class taxes stay where they are and an support or down vote. everybody should have the right to vote on that. if republicans don't like it, they can vote no. >> and everybody on the record to what they have to do. the senate won't come into session until 11:00 today. 11:00 eastern. we don't want to wake them up too early on new year's eve. it's going to he about a late night. let's speak with someone on capitol hill. republican michael burgess. a republican from texas. thank you for being up today. a lot of americans think you should be awake and probably shouldn't have too much sleep last night. pretty generally disgusted about what's been going on. give us some hope and reason not to be entirely, entirely disgusted that in 517 days of knowing this day is coming we're down to the wire. >> you know, if i sound optimistic, i guess the markets respond, so that's a lower you have given me here this morning in this secure location in w
MSNBC
Dec 31, 2012 10:00am PST
the worst? that is, congress has always been somewhat dysfunctional and a compromise comes hard, or are we in a worse place now than we have been? i just think about the debt ceiling. we're going to get a grand bargain on debt and spending like this. that doesn't look to be the case. we're going to get a patch that gets us at some distance down the road. can congress do beg or even medium things anymore, and is that a new trend or not? >> well, it's a culmination of a trend, obviously, that's been taking place for a generation. the answer seems to be no that given the current climate in washington, dwichb the idealogical complexion within both parties, there's really not the incentive for a grand bargain. in the absence of that, what you have is apparently deadline improvization to just get past this crisis, but do no more than get past the crisis. >> although people say they want this grand bargain, but you say what about we do this and this and this. maybe people want small. i want to talk about most people come out of this -- most people who are involved probably come out of this not lo
NBC
Dec 31, 2012 6:30pm EST
the clock and congress has to act and the president -- they have to figure out how to compromise or watch automatic headaches kick in. >> chuck todd is going -- it's going to be a long night. thanks for being with us on wall street today, this final trading day of the year. investors were hopeful of a deal would be work out by the time the closing bell rang at 4:00. stocks soared to their highest point today. the dow finished 166 points up, the nasdaq 59 points and the s&p 500 was up almost 2400 points on the day. for the year, the dow finished with a 7% gain. the nasdaq was up almost 16% this year and the s&p 500 gained more than 13%, a very strong year for stocks. so let's bring in cnbc's senior economics reporter steve liesman. steve, we just said the market was way up today, they thought we would have a deal. now we're headed over the cliff. this can't be good news for our economy. >> reporter: it definitely would not be. and if you take all the things that kelly mentioned and add them up, that's about a 4% hit to gross domestic product. we put that into perspective. we're only going
FOX
Dec 31, 2012 6:00am PST
on right now. making sure all the i's get dotted and t's get crossed. >> congress has less than 15 hours to come up with a compromise and sweet on it. live in washington kyla campbell. >>> meantime with all the focus on that fiscal cliff there is a new bill to preconvenient the so-called dairy cliff on the back burner. leaders in the house and senate agricultural committees agreed to a one-year extension of the expiring u.s. farm bill. so far no house vote is scheduled. without matting that bill, the price of milk could double next month. estimates are ha gallon of milk could go up to $8 a gallon. >>> it is 6:15. a new u.s. senate report on the attack on the u.s. consulate in benghazi blames the state department for not having a plan to rescue americans. the report says the state department failed to respond to increasing security threats in benghazi in the months leading up to the attack opinion the senate report says in the future the state department needs to decide whether they can provide adequate security for diplomats and where tit can't american personnel need to be removed. >>>
CSPAN
Dec 31, 2012 12:00pm EST
. if you are an independent, you can call 202-585-3883. should congress forge a compromise with the president, or should we go over the cliff? you can write us at facebook.com/cspan. richmond, ky. go ahead, please. caller: yes. 1 about the social security and medicare. they are not touching that. will there be a social security checks for all the old people like me in the united states? or will non-be sent out. the lady said she could not get an unemployment check. that comes from the federal government or the state, one in. i guess it just depends. host: >> we're going to go live to the senate floor. >> i just want to go on the record on the senate floor -- the sequester asked to be dealt with, substituted with other spending reductions. i am told that all of those involved in bringing this together understand even on the democratic side that was the understanding. not only was it to be dealt with through spending reductions. these were considered to be ham handed and they are -- but they are dealt with on the same time period. we were not going to reduce $100 billion of t
MSNBC
Dec 30, 2012 4:00pm PST
, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%, we're willing to compromise in a serious way in order to solve problems as opposed to be worrying about the next election. >> you said republicans have a hard time saying yes, particularly to you. >> yes. >> what is it about you, mr. president, that you think is so hard to say yes to? >> that's something you're probably going to have to ask them. because you know, david, you follow this stuff pretty carefully. the offers that i've made to them have been so fair that a lot of democrats get mad at me. i offered to make some significant changes to our entitlement programs in order to reduce the deficit. i offered not only $1 trillion in, over $1 trillion in spending cuts over the next ten years, but these changes would result in even more savings in the next ten years. and would solve our deficit problem for a decade. they said that their biggest priority is making sure we deal with the deficit in a serious way. but the way that they're behaving is their only priority is making sur
MSNBC
Dec 30, 2012 11:00pm PST
compromise is going to work. >> let's just say that what is happening at the congress right now is pathetic. we are asking not to bankrupt our children. i think most of the blame still has to go to the republicans. they have had a brain freeze since the election. they have no strategy. they don't know what they want, and they haven't decided what they want. but if i had to fault president obama, i would say sometimes he has governed like a visitor from a morally superior civilization. he comes in here, and he will not -- he'll talk with boehner. he won't talk with the other republicans. he hasn't built their trust. boehner actually made a pretty serious concession, $800 billion in tax revenues. probably willing to go up on rates. but the trust wasn't there to get that done. if the president wants to get stuff done over the next four years, it's got to be a lot more than making the intellectual concessions. it's got to get to the place where republicans say, ok, we'll take a risk. this guy won't screw us. they don't feel that right now. >> chuck, just your reading of the immediate news that'
MSNBC
Dec 31, 2012 1:00am PST
. and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%, we're willing to compromise in a serious way in order to solve problems as opposed to be worrying about the next election. >> you said republicans have a hard time saying yes, particularly to you. >> yes. >> what is it about you, mr. president, that you think is so hard to say yes to? >> that's something you're probably going to have to ask them. because you know, david, you follow this stuff pretty carefully. the offers that i've made to them have been so fair that a lot of democrats get mad at me. i offered to make some significant changes to our entitlement programs in order to reduce the deficit. i offered to not only $1 trillion in, over $1 trillion in spending cuts over the next ten years, but these changes would result in even more savings in the next ten years. and would solve our deficit problem for a decade. they said that their biggest priority is making sure we deal with the deficit in a serious way. but the way that they're behaving
CNN
Dec 31, 2012 8:00am PST
of compromise. i've been here a long time. i have made a lot of compromises. >> that's tom harkin, the democratic senator from iowa saying this deal doesn't look good to him. if a deal is reached in congress, the president still has to sign it. president obama set his terms and challenged the house and senate to get it it done. brianna keilar joins me now. is the president just sitting in the oval office waiting for a bill to get delivered to him? where's he in all of this? >> reporter: vice president biden is very much the president's proxy in all of this. it's easy to understand why. both the president and vice president served in the senate, but biden served in the senate for decades with all of the players that he now has to engage with. he knows the personalities. he knows the rhythms of the senate and of congress better than president obama, you could argue. it makes sense that he's serving as the president's proxy. this is something the president is engaged with. this is something the white house is very engaged with. he said yesterday he's optimistic that a deal can be str
CNN
Dec 31, 2012 4:00am PST
planning his next move in the two sides cannot carve out a compromise. >> the pressure is on congress to produce, if they don't, what i've said is that in the senate we should go ahead and introduce legislation to make sure middle class taxes stay where they are and there should be an up-or-down vote. everyone should have the right to vote on that. if republicans don't like it, they should vote no. >> brianna keilar joins us live from washington. the house and senate reconvene in a few hours. this is kind of procedural. two options here, one is that the senate, mcconnell and reid, working with biden, come up with a deal and vote on it, and the house of representatives gets that, or option b, which is what the president is talking about, you don't come to you adeel, you take the proposal the president had, and everybody gets to vote on it. >> everybody gets an up-or-down vote. in the senate, the threshold is generally 60 for the procedural vote going into it, that was his point. an up-or-down vote. as of right now, we're not hearing that, and it seems -- that would require the senate m
FOX News
Dec 30, 2012 6:00pm PST
on time and not over spending is the key to survival. it's about compromise. we do it every day. leadership is about compromise. it's not demanded from on high. but the american people tonight are being held hostage by a congress and yet the president who danes from on high. >> if i fault president obama i would say sometimes he is stubborn like a visitor from a morally superior civilization. he comes in here and he will talk to boehner he won't talk with other republicans. he hasn't built the trust. >> we don't know how much is going to be in our paychecks next week whether that small business might hire us. whether we can pay our mortgages chs leaders talk to each other get to the bottom of the problem and don't blame others and kick the can down the road. >> i do believe the president doesn't work hard enough bringing everybody into the white house rolling up his sleeves, getting him around the table saying how do we get this deal done? give a little something. show good faith about what needs to be done on deficit reduction and entitlement program. >> this isn't rocket scien
FOX News
Dec 31, 2012 3:00pm PST
. >> the american people are looking at congress with disdain and rightfully so. with the deadline on the tis call cliff hours away we failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> february the deal gets done, there are no -- even if the deal gets done no guarantees that republicans in the house will like it. but strong bipartisan support in the senate may help. >> bret: we'll head back for breaking details. mike emanuel on the hill. thanks. ed henry at the white house with the latest there. sned >> going. the president has been mostly watching and waiting but the republicans charge excesstive celebration from the commander-in-chief may spike the deal. >> if we are going to be serious about the deficit and debt reduction, then it's going to have to be a matter of shared sacrifice. at least as long as i'm president. i am going to be president for the next four years. >> president obama said a deal is in sight and appeared at a campaign style event to remind everyone he is winning and g.o.p. is not. >> last month, republica
MSNBC
Dec 31, 2012 5:00am PST
have to be rushed through both chambers of congress before midnight. as talks in the senate stalled yesterday, minority leader mitch mcconnell reached out to someone he believed could help jump-start the negotiations and perhaps deliver an 11th-hour compromise. that's vice president joe biden. mcconnell and biden reportedly spoke several times by phone throughout the night after talks with harry reid came to a halt. welcome back, everyone, to "morning joe." that's the latest. ed rendell and jeffrey sachs all with us along with sam stein and michael steele in washington. joining us also in washington, senior national correspondent for "bloomberg businessweek," joshua green. and joshua, before we go on to what led to this doomsday scenario that we're facing right now, which was all set up by lawmakers in washington, talk to me about what businesses are looking for and wall street is looking for. there will be reaction. there's always this discussion about the need for certainty. at best, we're going to get some sort of small deal that puts everything off, which makes this whole deadli
MSNBC
Dec 30, 2012 5:00pm PST
. >> it is very important for republicans in congress to be willing to say, we understand we're not going to get 100%, we're willing to compromise in a serious way. >> joined by congressman barney frank of massachusetts. it is good to see you, congressman. good evening. >> thank you. >> you're coming -- the senate's coming back at 11:00 tomorrow morning. what are chances there will be something to vote on, do you think? >> i think there are very good chances there will be something to vote on. the question is whether it will be a bipartisan agreement or simply the senate democrats putting a vote and hoping republicans will vote for it. trying to get an agreement is difficult because that gives right wing of the republican party this big veto. a number of republican senators, not just those generally considered to be moderate, have said that they agree that it is important now to keep taxes from going up on most people and accept the reality that they will go up by the top 1 pshgs 2%, 250,000 in income and above. and it does look, to me, that there are enough votes if senator reid puts that on th
CNBC
Dec 31, 2012 2:00pm EST
, very critical of congress, right? let me bring up some words you used. and you're sticking with that or are you at least a little bit encouraged by compromises that are coming to the table today? >> i think there is a the dysfunction with the white house. you know the president had to artificially insert himself because he is not in the mix. firsthanding the ball off to harry reid. when harry reid couldn't get anywhere. he handed it off to joe biden. i think this is not a congress that distinguished itself. in particular, the united states senate which hasn't passed a budge net how many years now? so i think the house at least has done its job. it has passed an alternative for example for the sequester cuts. it did come up with a plan to avert the tax increases across the brd? the senate has really done nothing. and it is amazing to me that people would ask for their jobs back. when they haven't been able to do their jobs in any meaningful sense in the last few years. >> jennifer, listen. i'm in a charitable mood. i've been defending congress. these people were elect ped so
CSPAN
Dec 31, 2012 10:00am EST
. yarmuth: madam speaker, the american people are looking at congress with disdain and rightfully so. we failed to reach a reasonable compromise to move the economy forward and ward of painful tax hikes on the middle class. the americans have sent us a clear message what they want. a fair tax system and economy works for everyone and strong social safety net. these are classic american values and throughout our history members of both parties have made compromises in order to protect them. those compromises reflect not just the will of the people but the way normal people do business. every day of their lives american workers solve problems and collaborate with their co-workers to meet objectives. they don't get to wait until after the deadline passes to get the job done. if they do, they lose their jobs. the american people can't just go home if he they don't get their way. yet that's exactly what house republican leadership did earlier this month. i hope it's not what they plan to do again this week. madam speaker, if my colleagues don't wake up and respond to what the american people
MSNBC
Dec 31, 2012 2:00pm PST
and members of congress need to make about spending cuts and deficit reduction and tax revenue into later part of february, perhaps march. this compromise we're talking about, chris, doesn't deal with the debt limit. it doesn't deal with funding the government. so it essentially -- and this is what a lot of republicans have told me. they're happy to go through this on the tax rates if they get anything above $250,000, they think that's a win because they believe they can have the same type of fights over spending, same type of fights as one told me a few days ago, bring the president to his knees in a few months. so this is not that big of a concession for them off the bat. it's extraordinary when you think about it in the context of ten years but in terms of moving forward, they really see it's helping their negotiating leverage which is a fascinating, fascinating development. >> to tell you about the patience of the american people, they did this survey about words and phrases they want to get rid of. number one, they're done with fiscal cliff. >> yeah. >> and also kicking the can down the r
FOX News
Dec 31, 2012 1:00pm PST
. >> congressman rangel, this confidence in government question, why should americans be confident in congress, in you, when we have been down this road before in the debt ceiling fight of a year and a half ago and it is totally dysfunctional. we cannot get a deal or a compromise. it is one cliff after another. >>guest: come on now, we are bringing good news we are already there and you are saying "what if." you are probably right. these are problems we will have to face. >> you think we are almost there but senator john mccain is throwing up his hands. >>guest: senator john mccain and i are in the same position, outside of the loop. we are not involved in the negotiations. we had some good news just a few minutes ago that we probably are close to resolution, a temporary resolution of the problem. this is not the time for us to be complaining about problems that are going to be down the road. but a temporary resolution is like the banned phrase. we can we just put the period on this and move on? we need a grand bargain. >>guest: we all want a grand bargain but the people at the stock market ar
CNBC
Dec 31, 2012 4:00am EST
and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%. we are willing to compromise in a serious way in order to solve problems as opposed to be worrying about the next election. >> you say republicans have a hard time saying yes, particularly to you. >> yeah. >> what is it about you, prosecute president, that you think is so hard to say yes to? >> you know, that's something you're probably going to have to ask them. you know, david, you follow this stuff pretty carefully. the offers that i've made to them have been so fair that a lot of democrats get mad at me. i mean, i offered to make some significant changes to our entitlement programs in order to reduce the deficit. i offered not only $1 trillion in -- over $1 trillion in spending cuts over the next ten years, but these changes would result in even more savings in the next ten years and would solve our deficit prab for a decade. they say the biggest priority is making sure we deal with the deficit in a serious way. but the way they're behaving
MSNBC
Dec 31, 2012 4:00am PST
to be rushed through both chambers of congress before midnight. as talks in the senate stalled yesterday, minority leader mitch mcconnell reached out to someone he believed he could help jump start the negotiations and perhaps deliver an 11th hour compromise, and that would be vice president joe biden. mcconnell and biden reportedly spoke several times by phone throughout the night after talks with harry reid came to a halt. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness, an interest, or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> before i continue to set the scene, anyone here think biden can make a difference? dan? >> not before the end of the day. i just think that even if the senate -- even if they work out a deal that's acceptable to the senate, then it's going to go to the house. speaker boehner has said they'll either vote on what the senate produces or amend it. that's a lot of work to get done within a day. and i think there are a
FOX
Dec 31, 2012 2:00am PST
of representatives and will it be enough of a compromise, that enough republicans can vote for it, to get through the house? i put that at 50-50. >> chris: byron, the most we can say, or will be ale to say if congress passes something is they were able to stop the crisis, that they created, in the first place. but, they will have done nothing, i mean, it is really quite astonnishing to deal with the debt problem which is what the crisis was supposed to be about and, in fact, if you extend the bush tax cuts for 98, 99% of americans, and you have just these small, automatic spending cuts, you actually increase the deficit, by trillions of dollars over the next decade. >> that's right, they are only dealing with the most immediate problem and by immediate i mean the next 48 hours. and where we are is exactly where we knew we'd be months ago, which is republicans are about to give in on their long held position that you shouldn't raise taxes on anybody, the only question is, is it above 250, 400, 500? and, the reason they are doing it is, they know if they hold it up, past january 1, the first bill t
FOX Business
Dec 31, 2012 1:00pm EST
and no compromise. is there anything you can say to reinforce our confidence in you? >> in institution itself this place is filled with members of congress with gerry manned erred districts, democrats and republicans. no surprise where we are. in long term we have to address gerrymandered district. if someone comes from r-20 or d-20 district, not only are they not rewarded for common ground they're punished for it. that is evidence why we're at this cliff here in a tough spot. lori: congressman requiring gel and phillip swagel from the aei, thanks to you both and happy new year. ashley: we certainly hope it will be. so much more ahead as we count down to the fiscal cliff. up next how middle class tax bills could get hit by the amt. liz macdonald is crunching the numbers. lori: first as we do every time, every day at this time, rather, let's check the oils market. 73 cents. back after this. it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentur
FOX News
Dec 31, 2012 8:00am PST
at congress with distain and rightfully so. with the deadline on the fiscal cliff only hours away we've failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> reporter: so everybody is waiting to see if the senate can reach a deal on the fiscal cliff. it's not entirely clear when the house would act. i talked to a key leadership aide who he said if the senate passes a deal we could certainly signal that we will take it up perhaps tomorrow morning and that would keep everybody calm, but first things first, they need a deal, jon. jon: by my calculation they have less than 13 hours to accomplish that. mike emanuel, thank you. >> reporter: thank you, sir. jon: let's take a look at the dow with all this fiscal cliff nonsense going on. it's up, actually about 8 points right there as you can see. still down below 13,000, though, after heavy losses last week. very light trading also as you might imagine on this day before the market is closed for the new year's holiday. while congress cannot seem to agree on a fiscal cliff fix, it loo
FOX News
Dec 31, 2012 3:00am PST
together and compromise, he said a very clear tone of demonizing republicans. i want to play you what he said and get your reaction. here is the president on "metropolitan the press." >> so far at least, congress has not been able to get this stuff done not because democrats and congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up. they say their biggest priority is making sure we deal with the debts in a serious way. but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> dave: you negotiated hundreds of contracts. is it a good tactic speaking about the tactic to demonize your opponent before trying to sit down at the able and hash out a deal? >> he's very condescending and when you listen to those words, if you're the other side, you put your arms up and say, i'm not going to do a thing. that's really what's happening with this country. we have no leader
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